Seller v. Buyer: Breach of Contract Dependent on Building Permit Issuance
Synthèse Legislator
Généré par l'IAA contract for the sale of a property stipulated that the buyer was only obligated to finalize the sale upon obtaining a necessary building permit, and the deposit was only due after the permit was granted; when the buyer later refused to execute the final deed, claiming they had not obtained the permit, the seller sued to enforce the sale, but the court ruled that the condition precedent for the buyer's obligation—the issuance of the permit—had not occurred, meaning the buyer was not in breach for refusing to proceed with the sale.
Regeste Legislator
Généré par l'IASeller v. Buyer: Breach of Contract Dependent on Building Permit Issuance: A contract for the sale of a property stipulated that the buyer was only obligated to finalize the sale upon obtaining a necessary building permit, and the deposit was only due after the permit was granted; when the buyer later refused to execute the final deed, claiming they had not obtained the permit, the seller sued to enforce the sale, but the court ruled that the condition precedent for the buyer's obligation—the issuance of the permit—had not occurred, meaning the buyer was not in breach for refusing to proceed with the sale.